JB
Honorary Moderator Emeritus
- Joined
- Mar 25, 2001
- Messages
- 45,907
I was whining about the cost of operating and maintaining my 1999 Mercedes ML430.
#3 Daughter interrupted me to say she wants it and will give me big bux (well, bigger than I could get from anyone who doesn't know the car and how she has been babied) for it. She wants something that could tow her Boston Whaler Outrage II and still be a luxo vehicle. Her Prius doesn't do that sort of thing.
So now I am in search of a small ute, something that can deliver 25mpg or better on regular, has luxury features like. . . leather, power seats, moon roof, premium sound system, good ride on the hiway, state-of-the-art technology, etc, etc.
Option 1: Buy used for cash. This means many miles on a 6 to 10 year old car.
Option 2: Put 6 or 7 grand down and finance a small (less than 10K) amount. This would get me a 2 to 4 year old car with less than 50K.
Option 3: Put 6 or 7 grand up front on a lease and have small lease payments for 36 to 42 months and an actual equity position at the end.
Prime candidates for option 1 are all Subaru Foresters. Prime candidates for option 2 are Foresters and Ford Escapes. Option 3 is available on any make, though I like the Foresters and Escapes (maybe a Mariner) best. We have 2 Subarus in the family and both are very well loved, but I was always a Ford truck guy.
I need to remember that I will be 74 next month. . . 80 or nearly so when any long financial contract runs out. I don't know if I will still be driving at 80.
Any thoughts on this?
#3 Daughter interrupted me to say she wants it and will give me big bux (well, bigger than I could get from anyone who doesn't know the car and how she has been babied) for it. She wants something that could tow her Boston Whaler Outrage II and still be a luxo vehicle. Her Prius doesn't do that sort of thing.
So now I am in search of a small ute, something that can deliver 25mpg or better on regular, has luxury features like. . . leather, power seats, moon roof, premium sound system, good ride on the hiway, state-of-the-art technology, etc, etc.
Option 1: Buy used for cash. This means many miles on a 6 to 10 year old car.
Option 2: Put 6 or 7 grand down and finance a small (less than 10K) amount. This would get me a 2 to 4 year old car with less than 50K.
Option 3: Put 6 or 7 grand up front on a lease and have small lease payments for 36 to 42 months and an actual equity position at the end.
Prime candidates for option 1 are all Subaru Foresters. Prime candidates for option 2 are Foresters and Ford Escapes. Option 3 is available on any make, though I like the Foresters and Escapes (maybe a Mariner) best. We have 2 Subarus in the family and both are very well loved, but I was always a Ford truck guy.
I need to remember that I will be 74 next month. . . 80 or nearly so when any long financial contract runs out. I don't know if I will still be driving at 80.
Any thoughts on this?